Follow to see, earn millions. Hello everyone, I am analyst Gu Jingci. Here to share my views, I also hope that every friend who follows can have a good profit!
Follow the public account Gu Jingci, focusing on mainstream coin guidance and layout. The long positions set last night at 1605 and 61400 to around 16800 successfully exited in the early morning after reaching 64400 and 1720. In fact, I clearly mentioned last night that the market had stabilized during the rapid downturn, and there were two good short opportunities during the rally, specifically at 64000, 66000 and 1680 to 17000, 1780 to 1800. In the early morning, during the upward movement, opportunities for first long and then short were also provided. The subsequent observation focuses on 66000 and below 1800 for short opportunities as it encounters pressure again during the stabilization and rise.
The K-line shape on the 4-hour chart shows a large bullish candle with a long upper shadow, with price encountering selling pressure near 1720 and 64500. The following two 4-hour K-lines were both bearish, but did not completely engulf the previous bullish candle's gain. Looking at the 4-hour and 8-hour MA indicators, they are still in an upward trend, with lower support having moved up. Key short-term support is at 1600 and 61500, and during a pullback, continue entering long positions relying on the support above.
Operation suggestion: Enter long near 61800 to 62300 for Bitcoin, target around 64000 to 65000; enter long near 1620 to 1640 for Ethereum, target around 1700 to 1730.
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